Little Rock real estate investment group Tempus Realty Partners announced Thursday (June 16) the purchase of an industrial portfolio totaling multiple properties across eight states for a combined $39.2 million.
The 458,297-square-foot portfolio includes 15 facilities in Alabama, Michigan, Arizona, Georgia, Nevada, Ohio, South Carolina and Texas. Each facility in the transaction is fully occupied by W.W. Williams, an industrial distribution repair and service company.
“We’re really excited to have a collection of industrial properties in great locations with the opportunity for our team to add value over time,” Tempus CEO Dan Andrews said. “Additionally, we’re pleased to offer our partners this opportunity to invest in a collection of high-quality properties occupied by a well-respected tenant.”
W.W. Williams, founded in Columbus, Ohio, is one of the largest and most diversified industrial distribution repair and service companies in the United States. The company will remain a long-term tenant in the Tempus buildings.
Andrews, Kevin Huchingson, Mark Saviers and Isaac Smith are Tempus’ general partners.